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Klassroom Edutech raises first tranche of USD 1 MN Investment round from ah! Ventures and Marquee Investors |
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| Klassroom Edutech, India’s first Hybrid Tutoring Platform, raises first tranche of USD 1 MN Investment round from ah! Ventures and Marquee Investors. The round also saw participation from several angel networks like StartupLanes and Startup Angels Network. ah! Ventures’ has done 144 investments in 104 startups till date taking its total investment portfolio to INR 292 CR (~39 MN USD) with 14 exits and 29 follow on rounds. 44 investments have happened through all three platforms in 2022 till date. |
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| Marquee investors such as Pavan Bakeri (Managing Director, Bakeri Group), Chandru Chawla (Executive VP, Cipla), Viraj Shah (Founder, VBS Diamonds), Sunil Rao (Senior Director, APAC Distribution & channels), Balu Ramamurthy (Director, Desynova Digital) and Abhijit Saxena (ex-CEO Netcore) among others invested in this round. |
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| Over 60,000 students from 500+ Cities currently are benefiting from the online platform of Klassroom along with the integrated offline 150+ Klassroom partner offline Centres across India. Klassroom recorded with stellar growth of 10X in last 12 Months. |
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| The Mumbai based start-up conducts offline and online classes for standards 6th to 12th, IIT-JEE, NEET, CA, CS and for other leading competitive exams and is adding new courses every month. For the Urban Markets, Klassroom’s Hybrid business model provides flexibility to students wherein those enrolled for physical tutoring can access online/live tutoring and vice versa. |
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| With pandemic induced pent-up and ever-increasing demand for in-person learning, from both parents and students, Klassroom intends to scale from 150+ to 500+ learning centres nationally by March 2023. |
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| Klassroom is working with the Central government and multiple State governments on numerous social and educational projects across India, as a part of the National Education Policy (NEP) 2020, to train and up-skill teachers having touch points across 1 million students. |
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| “As the founders of Klassroom Edutech, we take immense pride in being the pioneers of the hybrid learning segment back in 2016. We are happy to see this idea of Klassroom being adopted nationally and thrilled to see it impacting millions of learners”, remarked Dhumil Javeri, Co-founder Klassroom. |
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| “Hybrid learning makes it easier for parents, teachers and students to teach and learn because it is flexible, accessible and, furthermore, it widens the scope of Education”, said Alka Javeri Co-Founder Klassroom. |
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| “The admission life-cycle which begins from searching an offline learning centre and completes with the actual enrolment has been revolutionised by Klassroom's new tech stack. Our robust technology and extensive content supplements the in-person teaching at our centres, giving students flexible hybrid learning alternatives at incredibly low fees. Numerous local star institutes are being added to our ecosystem almost every day.” stated Dhruv Javeri, Co-Founder Klassroom. |
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| Amit Kumar, Senior Partner, ah! Ventures, said, “We have always believed in the hybrid system of education as a business model for running an education company. Since beginning, Klassroom’s approach has been on the same lines which has been their mantra of success. This has been validated by quite a few players in the sector and will continue in the same fashion. The team’s passion and execution abilities has always impressed us. We wish them a super bright future and will support them in their endeavour to become a world class education company.” |
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| Founded by Alka Javeri, Dhruv Javeri and Dhumil Javeri in 2016, the Mumbai- based start-up earlier received funding to the tune of $ 600K in equity investment from the Marquee Investors in 2021. |
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 292 CR (~39 MN USD) in 104 startups & 144 investments and have announced 14 exits & 29 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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